SpaceX shares climbed 9% during premarket trading following a strong third-quarter earnings report. The company generated $14.58 billion in revenue, representing a 161% year-over-year increase. This period also marked the first time the company recorded a quarterly profit as a public entity.
Elon Musk, who serves as CEO for both SpaceX and Tesla, has suggested the possibility of a merger between the two corporations. While no final terms have been established, the prospect has triggered active discussions within prediction markets regarding a potential formal announcement.
The company's recent financial performance was influenced by the $60 billion acquisition of Cursor and a $16 billion expenditure on artificial intelligence. Both Tesla and SpaceX have established committees to evaluate the feasibility of a corporate combination.
Market participants are closely monitoring the situation ahead of the December 31 deadline. Future developments, including potential board approvals, regulatory filings, or additional statements from Elon Musk, are expected to serve as key indicators for further market adjustments.
